Actions Semiconductor Reports Second Quarter 2014 Results

Investor Contacts:

Elaine Ketchmere, CFA	Ally Xie, CA, CPA
Compass Investor Relations	Actions Semiconductor
eketchmere@compass-ir.com	investor.relations@actions-semi.com
+1-310-528-3031	+86-756-3392353*1018

ACTIONS SEMICONDUCTOR CO., LTD.
CONSOLIDATED CONDENSED BALANCE SHEETS
(in thousands of U.S. dollars)

	At June 30,	At March 31,	At December 31,
	2014	2014	2013
	(unaudited)	(unaudited)	(audited)
ASSETS
Current assets:
Cash and cash equivalents	60,888	40,596	53,263
Time deposit	327	322	327
Restricted deposits	32,463	37,823	27,181
Marketable securities	79,664	124,509	126,607
Trading securities	74	73	74
Accounts receivable, net of allowance for doubtful accounts of $185, $23 and nil as of June 30, 2014, March 31, 2014 and December 31, 2013, respectively	5,196	6,784	5,782
Amount due from a related party	737	725	1,301
Amount due from an equity method investee	43	42	38
Inventories, net of inventory written-down of $2,845, $1,965 and $1,558 as of June 30, 2014, March 31, 2014 and December 31, 2013, respectively	27,216	25,308	20,278
Prepaid expenses and other current assets	3,831	3,466	3,972
Income tax recoverable	85	46	67
Dividend receivable	425	-	-
Deferred tax assets	809	578	416
Total current assets	211,758	240,272	239,306

Investments in equity method investees	26,992	17,779	17,843
Other investments	15,625	15,627	15,648
Marketable securities	16,067	16,099	17,139
Rental deposits	61	70	61
Property, plant and equipment, net	30,886	31,142	31,896
Land use right	1,530	1,542	1,588
Acquired intangible assets, net	19,115	10,862	12,218
Deposit paid for acquisition of intangible assets	489	380	145
Deferred tax assets	89	93	99
TOTAL ASSETS	322,612	333,866	335,943

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	7,267	9,992	6,016
Accrued expenses and other current liabilities	9,521	5,024	6,127
Short-term bank loans	34,500	40,500	35,500
Other liabilities	1,698	1,331	1,362
Income tax payable	49	49	49
Deferred tax liabilities	339	417	343
Total current liabilities	53,374	57,313	49,397

Other liabilities	-	370	412
Deferred tax liabilities	988	3,493	3,589
Total liabilities	54,362	61,176	53,398
Equity:
Ordinary shares	1	1	1
Additional paid-in capital	17,957	18,584	18,882
Accumulated other comprehensive income	36,327	36,672	40,734
Retained earnings	213,997	217,464	222,959
Total Actions Semiconductor Co., Ltd. shareholders' equity	268,282	272,721	282,576
Non-controlling interest	(32)	(31)	(31)
Total equity	268,250	272,690	282,545
TOTAL LIABILITIES AND EQUITY	322,612	333,866	335,943

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